RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ALB
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Albemarle stock price down 1.09% on Wednesday
(Updated on May 01, 2024)

Sell candidate since Apr 30, 2024 Loss -1.09% PDF

The Albemarle stock price fell by -1.09% on the last day (Wednesday, 1st May 2024) from $120.31 to $119.00. During the last trading day the stock fluctuated 4.52% from a day low at $117.74 to a day high of $123.06. The price has risen in 6 of the last 10 days and is up by 4.03% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -814 thousand shares and in total, 2 million shares were bought and sold for approximately $283.99 million.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Albemarle stock with a 90% probability to be traded between $112.14 and $146.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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ALB Signals & Forecast

There are mixed signals in the stock today. The Albemarle stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $121.80. On a fall, the stock will find some support from the short-term average at $118.05. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -9.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Albemarle stock

Albemarle finds support from accumulated volume at $117.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.32 between high and low, or 4.52%. For the last week, the stock has had daily average volatility of 3.68%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ALB) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Albemarle Corporation to open at $119.93, and during the day (based on 14 day Average True Range), to move between $113.30 and $124.70, which gives a possible trading interval of +/-$5.70 (+/-4.79%) up or down from last closing price. If Albemarle Corporation takes out the full calculated possible swing range there will be an estimated 9.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $119.59 (0.50%) than the support at $117.50 (1.26%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Albemarle Corporation stock A Buy?

Albemarle holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.260 Sell Candidate Unchanged

Predicted Opening Price for Albemarle Corporation of Thursday, May 2, 2024

Fair opening price May 2, 2024 Current price
$119.93 ( 0.784%) $119.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ALB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 125.25 5.25 %
R2 123.22 3.55 %
R1 121.97 2.49 %
Current price: 119.00
Support S1 117.90 -0.92 %
S2 116.65 -1.98 %
S3 114.61 -3.69 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 137.85 15.84 %
R2 128.80 8.24 %
R1 119.59 0.496 %
Current price 119.00
Support S1 117.50 -1.26%
S2 114.39 -3.87%
S3 109.40 -8.07%

ALB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 Mar 15, 2024 Apr 01, 2024 $0.400 0.310%
2 Feb 22, 2024 Mar 14, 2024 Apr 01, 2024 $0.400 0.310%
3 Oct 23, 2023 Dec 14, 2023 Jan 02, 2024 $0.400 0.272%
4 Jul 18, 2023 Sep 14, 2023 Oct 02, 2023 $0.400 0.246%
5 May 02, 2023 Jun 15, 2023 Oct 02, 2023 $0.400 0.246%

FAQ

What is the symbol for Albemarle Stock and on which exchange is it traded?
The symbol for Albemarle is ALB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Albemarle Stock?
Albemarle holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Albemarle Stock?
Albemarle Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Albemarle Stock.

What's the current price of Albemarle Stock?
As of the end of day on the May 01, 2024, the price of an Albemarle (ALB) share was $119.00.

What is the 52-week high and low for Albemarle Stock?
The 52-week high for Albemarle Stock is $247.44 and the 52-week low is $106.69.

What is the market capitalization of Albemarle Stock?
As of the May 01, 2024, the market capitalization of Albemarle is 13.985B.

When is the next earnings date for Albemarle?
The upcoming earnings date for Albemarle is Jul 31, 2024.
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About Albemarle Corporation

Albemarle Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, hig... ALB Profile

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